Chip Stock Flashing Bull Signal Amid Tech Selloff

Category: Finance

AMD stock is experiencing a decline amid a tech selloff and tightening trade restrictions. Despite recent losses, historical patterns suggest potential for recovery, with an average gain of 27.8% following similar signals in the past.

Keywords: AMD, semiconductor, stock market

Source: Yahoo Finance

Update At: 7/31/2024

Related Sources

Wall Street Has Best CPI Day Since at Least 2023: Markets Wrap

Wall Street experienced a significant rally following a surprise slowdown in inflation, with the S&P 500 rising about 2%. The US CPI for December increased less than expected, leading to renewed expectations for Federal Reserve rate cuts. Major indices saw substantial gains, and the bond market reacted positively with a drop in yields. Analysts suggest that while the latest CPI data is encouraging, it may not prompt immediate rate cuts, but it does support the case for future easing as inflation pressures moderate.

Yahoo Finance

Daily Open: Muted CPI gives markets best day since November

The U.S. consumer price index rose 0.4% in December, with core inflation at 3.2%. A ceasefire deal between Israel and Hamas was reached, and U.S. stocks had their best day since November. TSMC reported record sales, while JPMorgan and Goldman Sachs exceeded earnings expectations. Speculation surrounds potential buyers for Ubisoft as the company reviews its business direction.

CNBC

Capital One acknowledges 'outage' as users report issues accessing deposits

Capital One is facing a technical issue affecting customer account access and direct deposits, attributed to a problem with a third-party vendor, Fidelity Information Services. The outage began early Thursday, with reports of user complaints peaking around 2,000. The issue follows a recent problem at Citibank regarding mobile access and fraud alerts.

NBC News

Here's when Capital One says banking outage should be fixed

Capital One is addressing a banking outage affecting customers, which began early on January 16. The company acknowledged the issue later in the morning and expects services to gradually return to normal by the following day. The outage is linked to a technical issue with a third-party vendor, impacting various account services and payment processing. Capital One has committed to covering reasonable fees incurred due to the outage.

mySanAntonio.com

Is Capital One banking down? Customers report issues through day

Capital One experienced significant outages affecting payment processing and account balance updates due to a technical issue with a third-party vendor. The disruptions began early Thursday and were expected to be resolved by Friday morning. Customers are advised to check their accounts after service restoration.

NorthJersey.com

Capital One customers not getting payments amid outage

Capital One is experiencing a disruption in processing deposits, payments, and transfers due to a technical issue with a third-party vendor. The bank is working to resolve the issue and restore services, which have affected consumer, small business, and commercial accounts. Complaints have surged on social media, with nearly 1,700 outages reported. Capital One expects services to return to normal by Friday morning and has apologized for the inconvenience caused. Additionally, the bank is facing a lawsuit from the CFPB for allegedly misleading customers about account options that could have earned them higher interest rates.

Fox Business

Apple Shares Tumble 4% After Double Downgrades by Analysts

Apple shares fell over 4% after multiple analysts downgraded the stock due to concerns over declining iPhone sales and weak performance in hardware and services. Jefferies analyst Edison Lee lowered the price target, citing weakening demand, especially in China. Barclays also downgraded Apple, predicting poor sales for upcoming iPhone models and criticizing the lack of innovation in its product lineup. The decline in MacBook and iPad sales further indicates challenges in Apple's hardware business, raising skepticism about its growth prospects amid increasing competition and economic pressures.

Yahoo Eurosport UK

Apple stock hit with 2 downgrades on weak iPhone sales, AI outlook

Jefferies analyst Edison Lee downgraded Apple's stock rating to Underperform, lowering the price target to $200.75 due to expected weak iPhone sales and consumer disinterest in AI. Loop Capital also downgraded Apple from Buy to Hold with a target of $230. iPhone sales in China fell 15-20% year over year, contributing to a decline in market share. Jefferies forecasts a slight decline in iPhone revenue for the first quarter, while total sales growth is expected to be lower than previously estimated. Apple faces ongoing challenges in China and overall market competition.

Yahoo Finance

SEC Launches New Crypto Task Force | Insights | Holland & Knight

The SEC has initiated a new crypto task force under Acting Chair Mark T. Uyeda, led by Commissioner Hester Peirce, aiming to create a regulatory framework for the crypto industry rather than focusing on enforcement. This shift marks a significant change in the SEC's approach, moving away from the previous administration's regulation-by-enforcement strategy. The task force seeks input from various stakeholders to develop clearer regulations and guidance for crypto asset securities.

Holland & Knight

White House orders review of regulations affecting crypto sector

The 2023 decision by banking regulators to use a systemic risk exemption helped safeguard uninsured deposits after the failures of Silicon Valley Bank and Signature Bank, averting further instability in the U.S. banking system.

ABA Banking Journal